I appreciate the input here. I am sorry to have ventilated so much.I have decided to give turbotax another try. I successfully downloaded 1099-R forms. I have been informed that turbotax cannot download the 1099-div and 1099-B forms for 2012 and that Vanguard's IT is working on that as high priority. The last time I used turbotax, quite a few years ago they had a more limited download capability, and I had less of a need for it anyway. I do know that Vanguard is just following IRS rules. However, I do not think the IRS will benefit from individualizing the cap gains for each check rather than letting Vanguard sum it up and give an overall cap gain for each account. It seems to me to be a gilding the lily syndrome that the IRS is engaging in.
I fully expect we will have to make another trip to the local IRS office to straighten them out for the 4th year in a row concerning an elderly relatives 1040, that was settled sometime ago. We have the letter. I will try not to ventilate on this site if the IRS revisits the same issue again. We feel that we are dealing with some very stupid people at the local office. Even with the letter in hand we have had to go through hoops.
Do you use tax software? I downloaded my transactions from Vanguard. The 1099-B transactions went to Schedule D with the correct date and number of shares sold. I did have to enter the basis from the paper 1099-B. I did have to enter var-l for the purchase date. I was asked if there was an entry in box 1c. I clicked on the radio button. I was asked if it was long term or short term. I clicked on the appropriate radio button. Done. Some work, but not excessive.
P.S. How many transactions are we talking about? One hundred would be a little annoying. If I had that many, I would use the worksheet form, not the interview. Copying var-l and checking the two boxes would be quicker on one long form rather than going through the interview 100 times.
Thanks, We are talking about 50 transactions some have specific dates. Have you tried to download the transactions for 2012? Presently, there is a bug see above.
livesoft wrote:I use TT and I have never registered it. I just click on "continue" without filling out the registration page. Simple.
So there is a big difference between asking for personal info and requiring personal info. They can ask all they want. I do not give it. OTOH, since they have my tax return and they know how to electronically file it, I am sure they could get all my personal info if they wanted to, but any tax software could do that.
Thanks, I finally was able to get it downloaded without registering, but not on the first day as once I mistyped a password they wanted information. It worked the following day. I was pleasantly surprised to see how easy it was to download the 1099-R.
"Let us endeavor, so to live, that when we die, even the undertaker will be sorry." Mark Twain